Role of business manager in analysis and diagnosis of environment

  • The manager must keep track of the latest changes to find out as to in which area the investment should be made to get the maximum returns.
  • the manager should always keep abreast when the change in technology so as to remain competitive.  managers must consider important factor like availability of appropriate technology and cost also. 
  • successful business cannot afford to ignore the sociological environment of business. Business must have a social purpose and a business concern much discharge social responsibility.
  • manager must have a knowledge of fiscal policy because it mobilize the human and material resources of the economy and direct the investment in the desirable channel both in the public and private sector by providing suitable incentive.
  • the manager must ensure that individual relation have to be cordial for the growth of the industry labour management relation affect the efficiency and production level the political acylation of the trade union is an important factor.
  • a good amount of Managerial skill and knowledge is required in adjust into the environment resulting from the central government policies the manager must have a true knowledge understanding and comprehension of the changes in the central government policies from time to time.
  • the manager have to take the market sector and competition into account on the continuous date in today dynamic environment the market forces have started playing an important role in today's competitive business environment no company can operate in isolation one has to Cater to changing marketing and international market as well as the latest technology development taking place in the Global markets.
  • Managers have to keep a close watch on the availability and sources of inputs. in addition they have to constantly monitor the price of the import transport and communication facilities availability of regular power supply and manpower supply etc. 
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